The Sheffield Wednesday takeover saga continues to captivate football fans, with a new twist involving a familiar face.
A group with ties to former Sunderland CEO Charlie Methven has once again expressed interest in acquiring Sheffield Wednesday, according to reliable sources. However, time is not on their side, and the race to secure a successful bid is heating up.
Methven's group was among the initial wave of interested parties during the first round of the administration process, but their involvement seemed to fizzle out as the process progressed. The final bidding stage, which concluded on Christmas Eve, saw a consortium led by James Bord emerge as the preferred bidder, leaving Methven's group on the sidelines.
With the Bord bid falling through, the administrators at Begbies Traynor are now in a rush to find a new preferred bidder. Other prominent names, such as the Storch Group and Mike Ashley, are rumored to have re-entered the discussions, adding further complexity to the situation.
A source close to the Methven-linked bid team has revealed that while their investors are keen on the acquisition, they are concerned about the time constraints. With a wealth of information to process and due diligence to be conducted, the group fears they may not be able to submit a well-informed and competitive bid.
Following the collapse of the Bord bid last Wednesday, administrators had hoped to receive fresh offers for the club this week. The Methven group's position in this process adds another layer of intrigue to the ongoing Wednesday takeover race.
Our colleagues at BBC Sheffield reported on Friday that, in addition to the known interest from Ashley and Storch, two unidentified bidders had made moves to purchase the club. It seems likely that Methven's group is one of these mysterious parties.
Methven's experience in football administration is notable. He played a key role in running Sunderland from 2018 to 2019 and served as CEO of Charlton Athletic from 2023 to 2025. Additionally, he has a stake in the Belgian club RAEC Mons.
Stay tuned for more updates on the potential Sheffield Wednesday buyers and their 'informal discussions' with the Owls Trust. The future of this historic club hangs in the balance, and the outcome could shape the destiny of Sheffield Wednesday for years to come.
What are your thoughts on this latest development? Do you think Methven's group has what it takes to secure the takeover? Join the conversation and share your opinions in the comments below!
